Overview
What is Caring Ministries Inc?
Caring Ministries Inc, located in Tucson, Arizona, is a nonprofit organization dedicated to providing assistance along the Arizona-Mexico border and in southern Arizona. Their primary mission involves distributing food and clothing to those in need. Beyond this, they also offer living quarters for volunteer missionaries who lack alternative accommodations. Furthermore, the organization extends its support to orphanages in the area.
Official website here: www.wearecaring.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Caring Ministries Inc has achieved a 75% rating from Charity Navigator, indicating a fair level of performance in various accountability and finance metrics. This rating reflects strong governance practices, including a fully independent board and robust conflict of interest and whistleblower policies, which contribute to the organization's overall credibility.
Strengths noted in the evaluation include an impressive program expense ratio of 97.55%, suggesting that a significant portion of funds is directed towards its charitable activities. Additionally, the charity demonstrates excellent efficiency in fundraising, with minimal costs associated with raising funds. These factors are indicative of a well-managed organization focused on fulfilling its mission.
However, a limitation highlighted is the working capital ratio, which stands at just 0.09 years. This low ratio may raise concerns about the organization's liquidity and its ability to meet short-term obligations. Overall, while Caring Ministries Inc shows many strengths in operations and financial management, addressing its working capital situation may enhance its sustainability moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Caring Ministries Inc legitimate?
Caring Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caring Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,039
For more financial information, click here
Official website here: www.wearecaring.org
What is the mission statement of Caring Ministries Inc?
Caring Ministries Inc is dedicated to providing aid in the form of food and clothing along the Arizona/Mexico border and in southern Arizona. Additionally, they offer living quarters for volunteer missionaries who lack alternative accommodations. Furthermore, the organization extends its support to orphanages in these areas. In essence, Caring Ministries Inc seeks to alleviate the basic needs of those in need and offer shelter to missionary volunteers, thereby providing a sense of care and assistance.
Official website here: www.wearecaring.org
Who is the CEO of Caring Ministries Inc?
Chris Chan is the Board Member of Caring Ministries Inc.
Official website here: www.wearecaring.org
What is the revenue of Caring Ministries Inc?
Caring Ministries Inc's revenue in 2022 was $5,027,462.
Official website here: www.wearecaring.org
Who are the executives of Caring Ministries Inc and what are their salaries?
There 756 volunteers at Caring Ministries Inc.
Here are 7 key members and their salaries:
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Official website here: www.wearecaring.org
Where can I find the form 990 for Caring Ministries Inc?
Caring Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wearecaring.org
Learn more at the official website: www.wearecaring.org
Mission Statement of Caring Ministries Inc
Caring Ministries Inc is an organization committed to making a difference along the Arizona/Mexico border and in Southern Arizona. Their primary mission is twofold. Firstly, they engage in the distribution of essentials such as food and clothing to individuals in need. Secondly, they provide living quarters for volunteer missionaries who lack adequate housing. Furthermore, Caring Ministries Inc extends its support to orphanages in the region. By doing so, this nonprofit organization aims to alleviate the hardships faced by vulnerable populations and offer a helping hand in times of need.
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Impact
July, 2024
Caring Ministries Inc has a significant impact on the Arizona/Mexico border and southern Arizona through its food and clothing distribution programs. Additionally, the organization provides living quarters for volunteer missionaries in need of housing and supports orphanages in the region. These efforts help to address critical needs in the community and make a positive difference in the lives of those in need.
This information is meant to be a general summary of Caring Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $34
- Gross Receipts: $5,027,462
Assets and Liabilities:
- Total Assets: $455,053
- Total Liabilities: $27,866
- Net Assets: $427,187
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Organization Details
Founding Year
1980
Phone
(520) 795-7541Principal Officer
Chris Chan
Main Address
820 W CALLE SUR, TUCSON, AZ, 857055330
Website
www.wearecaring.orgNTEE Category
Code: X20Z - Religion related
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